$599,000

For saleJust listed

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#723 38 Cameron Street, Toronto (Kensington-Chinatown) - Single Family for Sale

#723 38 Cameron Street, Toronto (Kensington-Chinatown), Ontario, M2N1H1

2 beds2 baths parking

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#527 73 Mccaul Street, Toronto (Kensington-Chinatown), Ontario, M5T2X2

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2 days ago

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Investment analysis

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$599,000

Toronto

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Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $599,000, it is attractively priced about 11% below the $675,000 median asking price in Toronto. It has been on the market 6 days, fresher than the Toronto average of 81 days.

Condos for Sale in Toronto →All real estate in Toronto →

Description

Tridel Built, Sq Condo.The Modern 1+Den with 2 full bathrooms. Features Unobstructed West View. Engineered Hardwood Flr Thought. Functional Layout Creates Multiple Possibilities. Large Walk-In Closet In The bedroom, Separate Den Area. Modern Kitchen With Stone Countertop, Island, and Built-In Stainless Steel Appliances. Minutes walk to Kensington Market, Chinatown, Queen West Restaurants And Bars, Shops, Streetcar Stop & More. Maintenance fee including internet. (id:66096)

Property Details

MLS®: C14127348
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 2
Parking: 0
Interior Size: 650 ft²
Basement: None
Heating: Heat Pump, Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $581/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $3,039/yr
Listed: 6 days ago

Market Timing

Days on market

Toronto (Kensington-Chinatown) listings, avg age

81d

Price / ft²

$922

List price

$599K

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Area context

Neighbourhood profile (M2N)

This home lists at $599,000, about 7.3× the local median household income of $82,000.

Carrying it typically needs a household income of about $117,006 (20% down, 25-yr amortization, stress-tested) — roughly 43% above the area median.

Median household income: $82,000
Population: 75,100
Median age: 38
Owner / renter: 59% / 41%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA M2N)

$599,000· $922/ft²

For sale

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Full Cost Breakdown

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Down Payment5.83% · $34,900

Min 5.83%50%

Mortgage payment$3,127/mo

↳ CMHC premium ($22,564 capitalized)

Property tax (est.)$253/mo

Condo fee$581/mo

Total monthly$3,961

Cash Needed to Close

Down payment (5.83%)$34,900

Land transfer tax$16,910

Est. closing costs$4,297

Total cash needed$56,107

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

#723 38 Cameron Street, Toronto (Kensington-Chinatown) - Single Family for Sale

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Neighbourhood profile (M2N)

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